Correlation
The correlation between FLTB and FLRT is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
FLTB vs. FLRT
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Pacific Global Senior Loan ETF (FLRT).
FLTB and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or FLRT.
Performance
FLTB vs. FLRT - Performance Comparison
Loading data...
Key characteristics
FLTB:
3.03
FLRT:
2.34
FLTB:
4.79
FLRT:
2.96
FLTB:
1.60
FLRT:
1.84
FLTB:
5.30
FLRT:
2.34
FLTB:
16.61
FLRT:
12.63
FLTB:
0.44%
FLRT:
0.53%
FLTB:
2.38%
FLRT:
2.89%
FLTB:
-9.37%
FLRT:
-20.96%
FLTB:
0.00%
FLRT:
0.00%
Returns By Period
In the year-to-date period, FLTB achieves a 2.75% return, which is significantly higher than FLRT's 1.97% return. Over the past 10 years, FLTB has underperformed FLRT with an annualized return of 2.28%, while FLRT has yielded a comparatively higher 4.33% annualized return.
FLTB
2.75%
0.31%
2.55%
6.95%
4.06%
1.79%
2.28%
FLRT
1.97%
1.87%
2.51%
6.70%
9.28%
6.43%
4.33%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FLTB vs. FLRT - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Risk-Adjusted Performance
FLTB vs. FLRT — Risk-Adjusted Performance Rank
FLTB
FLRT
FLTB vs. FLRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Pacific Global Senior Loan ETF (FLRT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Loading data...
Dividends
FLTB vs. FLRT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.25%, less than FLRT's 7.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.25% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
FLRT Pacific Global Senior Loan ETF | 7.42% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.97% | 3.20% | 3.38% | 3.21% | 0.00% |
Drawdowns
FLTB vs. FLRT - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FLTB and FLRT.
Loading data...
Volatility
FLTB vs. FLRT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.70% compared to Pacific Global Senior Loan ETF (FLRT) at 0.61%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...